Carnival of Debt Reduction
Thanks to all for joining me for for the latest Carnival of Debt Reduction. I must have been feeling slightly nostalgic for the bad kids movies of yore. So this is the The "Honey, I Shrunk the Debt!" edition.
I've broken up the posts into various groups. The thing to remember is that debt isn't just one stage. It's a set of steps. And even those of us in the midst of it can use refresher courses from time to time.
With that in mind, read on and enjoy!
Patrick discusses How Do You Improve Your Credit Score When Credit Companies Close Your Account? posted at Cash Money Life. According to him, "Many credit card companies are jacking up interest rates or closing accounts, which makes it difficult for people to repay their loans as quickly."
Peter at Bible Money Matters reminds us, "Sometimes we just need someone to knock some sense into us when we're making bad decisions." He details this in his post Accountability: Sometimes You Need Someone To Slap You On The Back Of Your Head.
DR gives us examples of easy-to-use, green technology in Get Your Green On–13 Energy (and Money) Saving Gadgets posted at The Dough Roller.
Okay, if you're looking to start out on the debt reduction path, you need to know the basics. The Digerati Life gives us a good overall primer in The Dave Ramsey Budget: Budgeting Tips For Successful Savers.
Big Cajun Man at Canadian Personal Finance Blog offers some Advice for New Grads. He offers some tips, not just on getting rid of debt, but also about building a lifestyle to facilitate debt reduction.
Len Penzo gets biblical in My Ten Commandments of Personal Finance posted at Len Penzo . Com. While the Internet isn't exactly a set of stone tablets, these are good overall rules to build your debt-reduction upon. (For those already in the process, it can be a good refresher course.)
Those who are swarmed by debt may be tempted to try a debt-reduction program. These are can be regular companies or organizations preying on people's desperation. Billeater gives a very important set of guidelines to Avoid Debt Reduction Scams. There are some good rules of thumb in this post, so be sure to check it out.
From what APR is, to the very basic tenets of debt reduction, Jesse Michelsen gives it all to you in The Most Important Part Is Starting: Debt Recovery over at Personal Finance Firewall.
Destroy Debt reminds us to stop being so wasteful. Just because you can't squeeze any more toothpaste out, that doesn't mean the tube is empty. Check out the various ways to get ever last bit of your products in Good Til The Last Drop: Use it Before You Throw it In the Trash posted at Destroy Debt.
Fabulously Broke ...in the City gives us some ideas to lower grocery bills. These are ranked as easy, medium or hard. (A good reminder to try one or two at a time!) Check out her 10 Tips to save on Groceries each month.
Laura asks What Have You (Totally) Eliminated From Your Spending? For real results, most of us have to make some sacrifices. This lets us make bigger payments on our debt. So, what have you given up? Tell her at No More Spending.
Christian Debt Help admits to past financial ignorance -- and it wasn't bliss. Read (and learn from) his "oops" story in Money Mistake: Not paying attention to interest rates.
I know all the authors put a lot of effort into their posts, so be sure to stop by their sites and give them some kudos!